How to Blow Your Tax Refund, Celebrity-Style

A lesson on boosting the local economy—in go-for-broke celebrity style

By Katie O’Donnell

If that whole fiscal cliff thing had you spooked, you may have already stocked up on handmade Italian suits, vintage Vuitton, and diamond-encrusted earbuds. If not, now’s your chance to throw away your tax refund—if you were so lucky—before filing under new rules in 2014. Stuck in scrimp mode? Let these notorious, big, bad spenders show you how it’s done—and we’ll show you where around town to do likewise.

Mike Tyson
CV: Earned some $300 million over two decades before declaring bankruptcy in ’03Best buys: A trio of Siberian tigersLive like a champ: We inquired at the Wolf Conservation Center in South Salem. Apparently, the pups “aren’t for sale.” So order lobster at nearby Le Château (1410 Rte 35, 914-533-6631; lechateauny.com)—and leave a “Page Six”-worthy tip.

Nicolas Cage
CV: Owed the IRS $13 million before paying off nearly half of that late last yearBest buys: A private, 40-acre Bahamian island; a Gulfstream jetHave some refund fun: If your payout was on the average side—around $3,000—chartering your own aircraft might not fly. Play the madcap jetsetter by buying everyone a round at Cuba-inspired Havana Central in Ridge Hill (238 Market St, Yonkers 914-423-5500; havanacentral.com).